3317.0215
Calculation of graduation bonus.

(A)
For purposes of this section, "four-year adjusted
cohort graduation rate" has the same meaning as in section
3302.01 of the Revised
Code.

(B)
The department of education shall annually calculate a
graduation bonus for each city, local, and exempted village school district
according to the following formula:

The district's four-year adjusted cohort graduation rate on
its most recent report card issued by the department under section
3302.03 of the Revised Code X
0.075 X the formula amount X the number of the district's graduates reported to
the department, in accordance with the guidelines adopted under section
3301.0714 of the Revised Code,
for the same school year for which the most recent report card was issued X the
district's state share index